PRAKASH IND; Co. Has secured additional long term coal linkage | STOCKMARKET INFOMANIA

PRAKASH IND; Co. Has secured additional long term coal linkages of over 10 Lakh MT per annum for next 5 years in the coal linkage auction concluded recently by Coal India Limited.

With this, the total coal linkages with Coal India will increase to over 22 Lakh MT per annum; majorly covering our production requirement and further insulating the Company against the volatility in the coal prices.

This shall provide stability to the operations and further improve financial performance of the Company.